Meltdown: Bitcoin crashes to $576

[RenanLodi]

I am following Crypto Whale on Twitter and he says that we are currently in a bear market phase. Moreover, the other day he made a prediction that BTC will go below 7k in 2021 :) Time will tell if he was wrong or not.

[Unltd]

@RenanLodi 2021 over already, time already “told”

[Wt_know]

the thread title missed out 2 x zeros ... is it? lol

[Throttle2]

On 2/12/2022 at 4:09 PM, Wt_know said:

the thread title missed out 2 x zeros ... is it? lol

Its just a gamble.   Like casino. 
 

had a young friend who told me that he can read BTC movements well and that he can trade and make money.

i just looked at him and said, “ok buddy, all the best”   
 

i sometimes wonder wtf these people think themselves to be.
 

till today he is still bumping around, i dont see him making big bucks in crypto.   Its been quite a few years… Hhhhmmmm….

[Volvobrick]

36 minutes ago, Throttle2 said:

Its just a gamble.   Like casino. 
 

had a young friend who told me that he can read BTC movements well and that he can trade and make money.

i just looked at him and said, “ok buddy, all the best”   
 

i sometimes wonder wtf these people think themselves to be.
 

till today he is still bumping around, i dont see him making big bucks in crypto.   Its been quite a few years… Hhhhmmmm….

Still can see him around is not bad already! 

[Wt_know]

10 minutes ago, Volvobrick said:

Still can see him around is not bad already! 

perhaps ...

[1fast1]

@Throttle2 There is a surefire way to make money off crypto.

Step 1: Invent a time machine. 

[Roborovskii]

35 minutes ago, Turboflat4 said:

@Throttle2 There is a surefire way to make money off crypto.

Step 1: Invent a time machine. 

I remember when BTC was $12USD. At that time, I bought a couple for fun, and downloaded the entire BTC blockchain... and was pissed that the file size is so huge and took to long to update each time i connected 😆

[Roborovskii]

This week was the first I've seen of a major token going to literally 0. There has been a couple project failures over the years, but this one definitely takes the cake as the biggest affecting the entire crypto market and turning regulatory heads. Those not in-tuned to the crypto market may just scoff and pass it off as just another piece of crypto news, but those following it would know that this week would probably leave a huge stain on crypto historical records. RIP to those affected, the human cost is indeed huge - https://www.coindesk.com/layer2/2022/05/13/the-human-cost-of-lunatic-hubris/

Edited May 14, 2022 by Roborovskii

[Throttle2]

1 hour ago, Turboflat4 said:

@Throttle2 There is a surefire way to make money off crypto.

Step 1: Invent a time machine. 

Win liao lor

[Throttle2]

39 minutes ago, Roborovskii said:

This week was the first I've seen of a major token going to literally 0. There has been a couple project failures over the years, but this one definitely takes the cake as the biggest affecting the entire crypto market and turning regulatory heads. Those not in-tuned to the crypto market may just scoff and pass it off as just another piece of crypto news, but those following it would know that this week would probably leave a huge stain on crypto historical records. RIP to those affected, the human cost is indeed huge - https://www.coindesk.com/layer2/2022/05/13/the-human-cost-of-lunatic-hubris/

Yes a lot of ripples caused, even some lives in the process i am guessing.

but still without sympathy, i say this, they knew what they were getting into.

no free lunch .  When you go for broke be prepared to be broke.

 

[Jamesc]

Go to zero means can buy for zero or bankrupt?

I don't mind buying if it's zero.

When oil was -$37 I wish I bought the lot.

Look at oil price now.

[Roborovskii]

38 minutes ago, Jamesc said:

Go to zero means can buy for zero or bankrupt?

I don't mind buying if it's zero.

When oil was -$37 I wish I bought the lot.

Look at oil price now.

Going to 0 looks like this, meaning pretty much the entire buy side of the order book is wiped clean (no buy orders).
Not much point buying, but if you want, FTX exchange is still listing it. Other major exchanges have started delisting it. Without any purpose for this now dead token, it would most likely be slowly delisted off the last few exchanges too... meaning you won't even have any opportunity to sell it anywhere.

Edited May 14, 2022 by Roborovskii

[Ct3833]

On 2/6/2018 at 7:55 PM, Angcheek said:

 

not yet , only 5%  dive . wait till it  dive deeper to 50% . Many will dive too    

dive in to buy ?

[Roborovskii]

Report maker seems like someone who didn't do his due diligence before putting money in. He also seems like a strawberry. And he probably needs to get a job.

[Mahjong74]

18 minutes ago, Roborovskii said:

Report maker seems like someone who didn't do his due diligence before putting money in. He also seems like a strawberry. And he probably needs to get a job.

@Roborovskii 

Me too, going to make a Police report very soon for my investment in Sembcorp.

I bought Sembcorp at around $1 back in 2020. Now its ard $2.77. 

How come this stock raise so much within 2 years? Not fair to others who didn't buy. 🤣

Who says only people who lost money in investment can report Police??? 🤣

[BanCoe]

8 hours ago, Wt_know said:

perhaps ...

LUNAr 🤣🤣 seems quite many went into this 

[Jamesc]

Luna - tics